China's Golden Depression Rolls On | Nucleus Investment Insights
by
Damien Klassen
July 17, 2025
China says its economy is growing at 5.2%, but falling prices and sluggish demand tell a very different story. Some are now calling it a “golden depression”—recession hidden by stimulus.
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In this week's podcast, Nucleus Wealth's Chief Investment Officer Damien Klassen and Chief Strategist, David Llewellyn-Smith, unpacked what’s really happening in China and what it means for investors.
Agenda:
- Nominal economic growth crash
- Endless property crash
- Extend and pretend
- Income growth slowing
- Deflation everywhere
- No pivot to consumption
- No end in sight
Take us on your daily commute! Nucleus Investment Insights is available in Podcast form on iTunes and all major Android Podcast Platforms.
